Monday, March 21, 2011

The Job Creator Myth

The Harper Government (c)(tm)(r) has spent months promoting the Liberal tax cuts it inherited as being job creators. Well reality of course is a smack in the face with a wet dishrag sometimes, and in the case of tax cuts to corporations=job creation well, that smack you hear is a hard dose of wet reality.

Canadian CEO's were surveyed by the Globe and Mail about how they will use the upcoming tax cuts they get from the Harpocrites and job creation was not a priority in fact doing the same old same old, that is by definition NOT adding productivity to their operations (something the Bank of Canada has complained about) but just pocketing the tax breaks.

While these CEO's in the same survey challenged the government to invest more in R&D, with their pending tax cut they put the same amount into R&D as they proposed to put into hiring, the very source of productivity. In other words 'please sir can I 'ave some more" say the real begging class; the government should invest in areas we are not willing too. Can you say corporate welfare. These are the so called job creators the Harpocrites are using to justify their Liberal tax cut.

What will you do differently as a result of the corporate tax cut?

No change: 31%

Re-invest in business: 26%
Don’t know: 11%

Other: 11%

Grow business: 10%

Research and development: 6%

Hire more people: 6%

Almost three in five executives said investing in education and training should have a high priority in the budget, while 52 per cent said investing in research and development is key. Transportation and infrastructure were a top priority for 42 per cent of those who responded, while attacking the deficit came in fourth place – a high priority for 39 per cent of executives.

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